ISAs to be affected by a value cap?

Perelandra

http://www.cityam.com/article/1381721682/civil-servants-discussed-cap-isa-savings

This wouldn't be good... If they were to be limited, I would hope that this limit would still be high enough to make them a viable source for retirement planning!

edinburgher

I read a lot of very silly back and forth about this topic on the Telegraph site this afternoon (all the conspiracy theorists were out!)

The reports coming out seem to suggest that civil servants are conducting hypothetical research on policies that may be considered at some point in the future. I suspect they debate a heck of a lot of possible policies and 'what ifs?'

It's not as this is proposed legislation at this point. Still, the screams of anger will hopefully keep them away from tinkering! :rotfl:

Archi_Bald

Link to a more detailed article already posted over on the ISA board.
https://forums.moneysavingexpert.com/discussion/4781914

edinburgher

Archi_Bald wrote: »

Link to a more detailed article already posted over on the ISA board.
https://forums.moneysavingexpert.com/discussion/4781914

Yup, that was the one with the crazy comments

IronWolf

nooooooooooooooooooooooo

innovate

Write to your MP. Demand reassurance that you won't get shafted for trying to provide for yourself.http://www.writetothem.com/

Perelandra

innovate wrote: »

Write to your MP. Demand reassurance that you won't get shafted for trying to provide for yourself.http://www.writetothem.com/

Thanks innovate, aye will do that.

stinktankcynic

I don't know what the game is. They say they want people to save, but want to pull any incentives away, spoil sports. I think the government is going to lose a lot of tax revenue with low paid workers, increase in personal allowances, increase in pension membership. If they remove ISA's, people may move more into pensions, this will lose even more tax.

planteria

i think, and hope, this is a complete non-story. it just isn't going to happen. was a cheap article in the Telegraph.